Reported 4 months ago
The energy sector has recently experienced a surge in merger and acquisition (M&A) activity, highlighted by major transactions such as ConocoPhillips acquiring Marathon Oil and Chevron's acquisition of Hess. This trend follows a wave of M&A deals in 2023, signaling a continuation of consolidation within the industry. Factors driving this heightened activity include past underinvestment due to regulatory uncertainties, pressure to transition to renewables, and the industry's role in providing essential fuels for various sectors. Analysts predict a continued increase in M&A deals, with smaller mergers expected alongside the larger transactions already underway.
Source: YAHOO